Connecting the nation. and Beyond. - ChartNexus

48 / MRCB annual report 2011 /
CHAIRMAN’S STATEMENT
improve quality of life for the Brickfi elds community. MRCB
estimates that the project, scheduled to be constructed within
the next three years, has a GDV of over RM1 billion.
Meanwhile, the Group continued to seek new works under the
Government initiative to develop Greater Kuala Lumpur - an
important element of the Economic Transformation Programme
(ETP) unveiled in 2010. With a proven record of delivering
successful urban transportation development like KL Sentral,
the Group is keen to be part of the team to jointly develop the
upcoming Rubber Research Institute land in Sg. Buloh.
Engineering & Construction Division
The highlight for the Engineering & Construction division in 2011
was the RM1.33 billion contract secured for the Ampang LRT
extension line project via its wholly owned subsidiary company,
MRCB Engineering Sdn Bhd (MESB) in August 2011.
Winning this major contract in the face of fi erce competition is
a testament to our capabilities and experience in carrying out
major infrastructure projects. With a construction value of RM1.33
billion, the award has doubled our construction order book to
about RM2.6 billion, and is expected to contribute positively to
our revenue and earnings growth from 2012 onwards.
On top of this, MESB also secured a sub-contract works, worth
RM67.2 million from Sunway Construction Sdn Bhd for the
fabrication and delivery of segmental box girders for the Kelana
Jaya LRT extension.
Our KL Sentral development also made further progress, with
projects at various stages of completion. Lot E, also known as KL
Sentral Park, was completed in the last quarter of 2011 while
348 Sentral, CIMB Investment Bank headquarters (Lot A) and Nu
Sentral Lifestyle retail mall, as well as two offi ces and a hotel at
Lot G are progressing well and according to schedule. We also
began works for Q Sentral (Lot B) and The Sentral Residences (Lot
D) in 2011. The experience we have gained in this upscale, highrise
residential, offi ce and retail complex with its pioneering use
of green technology has reinforced our standing as a leading
player in Malaysia’s engineering and construction sector.
In Johor, 2011 also saw the completion of both the EDL
Expressway and the Permai Psychiatric Hospital in Tampoi, while
work is on-going on the construction of Marlborough College
East in Bandar Baru Nusajaya - part of the Iskandar Malaysia
Development project.
Infrastructure, Concession and Environmental Division
In October 2011, MRCB was awarded a contract worth RM46.50
million from the Department of Irrigation and Drainage for a
project in the State of Pahang. The award is for an extension
of the RM259.4 million contract to upgrade the Sungai Pahang
river and estuary that the company gained in October 2008.The
main component of the project, which should be completed
within 17 months, is to extend the breakwater by an additional
200 metres.
A month later, we secured another contract worth RM40.3
million from the Department of Irrigation and Drainage to carry
out coastal protection works at the Sungai Perai river mouth
and nearby coastal areas. The scope of work includes beach
rehabilitation, construction of a jetty, boat mooring facilities and
related works - all areas in which we have proven strengths. The
construction period for the contract is 15 months, with scheduled
completion set for March 2013.
Meanwhile, in April, MRCB in collaboration with Dewan
Bandaraya Kuala Lumpur and Ekovest Bhd launched the River
of Life International Master planning competition. The aim of the
competition is to challenge planners to devise a master plan for
a 10.7 km stretch of the Klang and Gombak river corridor that will
rehabilitate and beautify the river, transforming the waterfront
into an asset with high economic and aesthetic value.
Building Services Division
Both for transport hubs and for other property assets, our
Building Services Division delivers comprehensive, integrated,
top quality parking, security, maintenance and building
management solutions.